Oil prices firmed on Monday as the United States and China were reported to be close to signing a trade deal, ending a tit-for-tat tariff row that has roiled financial markets and clouded the outlook for the global economy.
International Brent futures were at $65.25 a barrel at 0022 GMT, up 18 cents, or 0.3 percent, from their last close. Brent fell 1.5 percent on Friday.
U.S. West Texas Intermediate (WTI) crude futures were at $56.05 per barrel, up 25 cents, or 0.5 percent. WTI futures fell 2.5 percent on Friday.
The rally came as signs that the United States and China will finally ink a trade deal eased fears about global demand growth.
